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Private equity firms Permira and Advent International Corp have proposed a deal to buy Symantec Corp for more than $16 billion after the cyber security company agreed to a sale of a big chunk of its business, the Wall Street Journal reported on Friday.

Symantec Corp has received interest from private equity firms Permira and Advent International Corp seeking to buy the cyber security company for more than $16 billion after it agreed to a sale of a big chunk of its business, the Wall Street Journal reported on Friday.

Cybersecurity company Symantec Corp <SYMC.O> has walked away from negotiations to sell itself to chipmaker Broadcom Inc <AVGO.O> over price disagreements, people familiar with the matter said on Monday.

Symantec Corp faces an uphill battle to turn around its business and win investor confidence, analysts said on Friday, after Chief Executive Officer Greg Clark became the fifth top executive in six months to leave the cybersecurity company.

Symantec Corp faces an uphill battle to turn around its business and win investor confidence, analysts said on Friday, after Chief Executive Officer Greg Clark became the fifth top executive in six months to leave the cybersecurity company.

Antivirus software maker Symantec Corp shares rose in extended trade on Thursday after beating profit and revenue estimates in the December quarter and raising guidance on strong enterprise and consumer businesses.

Antivirus software maker Symantec Corp beat Wall Street estimates for revenue and profit in the December quarter, driven by growth in its consumer business, sending shares up 6 percent in extended trade on Thursday.

Antivirus software maker Symantec Corp beat Wall Street estimates for revenue in the December quarter, driven by growth in its consumer business, sending its shares up 6 percent in after-hours trade on Thursday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.